Bernard J. Durkan
Question:52 Mr. Durkan asked the Minister for Finance the net cost to the Exchequer of an extra £700 tax relief per PAYE worker; and if he will make a statement on the matter.
Written Answers. - PAYE Tax Relief.
The estimated full-year cost to the Exchequer arising from the change mentioned by the Deputy is £218 million. This figure is arrived at by increasing the existing PAYE allowance from £800 to £1,500.
The cost figure is provisional and may be revised. It is estimated by reference to the 1992-93 income tax year.